Asserting that a dynamic and robust entrepreneurial eco-system is an asset to every economy, President Pranab Mukherjee has said innovation-led entrepreneurship has significant potential to stimulate industrial growth.
President Mukherjee, who was addressing the concluding session of Pitch@RB held in Rashtrapati Bhavan as part of the week-long Festival of Innovations, said both the public and private sectors have to play a catalytic role in further developing such an eco-system.
"To achieve centre-stage in innovation, we need to work relentlessly in aspects such as creation of a favourable business atmosphere; improving the quality of education and skills training; and expanding the IT infrastructure including high speed internet connectivity," he said.
President Mukherjee said it is pertinent to adopt a focused strategy to support new, talented, curious and creative minds for pursuing innovative solutions to present-day challenges.
"Entrepreneurship coupled with the zeal to solve contemporary challenges, through innovative ideas and solutions, is one of the key pathways leading to socio-economic progress. We need to provide a facilitative environment to our youth to give wings to their imagination and take forward new ideas. That would mean support, in fine-tuning of ideas, company registration, easy access to funding, or finding a mentor," he added.
Pitch@RB was a unique programme organized by Rashtrapati Bhavan in partnership with Confederation of Indian Industry to provide a platform for innovators and potential start-ups to sell their ideas to select members of the angel investing and venture capital community for funding.
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